Michael Saylor's Bitcoin Sale Sparks Lawsuit Against Polymarket
On June 1, Michael Saylor-led Strategy (formerly MicroStrategy) sold 32 Bitcoins for approximately $2.5 million between May 26 and May 31—its first sale since 2022—which caused volatility in crypto prices. The event led to a lawsuit filed against Polymarket by traders who claimed the platform breached contract terms related to resolving an outcome tied to Strategy's Bitcoin sale.
Tickers: $MSTR
Topics: Bitcoin lawsuit MicroStrategy Polymarket prediction market